A customer pledging $100,000 can borrow $1.9 million from HSBC to create a $2 million FCNR(B) deposit, implying a leverage of up to 19 times. The bank has 2 categories of leverage: lower and higher. Under the first category, leverage of nine times is available, while the second one offers 19 times.
A customer pledging $100,000 can borrow $1.9 million from HSBC to create a $2 million FCNR(B) deposit, implying a leverage of up to 19 times. The bank has 2 categories of leverage: lower and higher. Under the first category, leverage of nine times is available, while the second one offers 19 times. by Soban News (international And National News)
